Looking to diversify beyond PACAX? The mutual funds below have the lowest correlation with PACAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PACAX.
Best Diversifiers for PACAX
2 mutual funds have low correlation with PACAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.15 | 0.39 | 64 | Diversified Portfolio | PACAX vs MHELX | |
| Putnam Ultra Short Duration Income Fund | 0.25 | 0.22 | 0.20 | 98 | Ultrashort Bond | PACAX vs PSDYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.53 | 0.58 | 96 | Diversified Portfolio | PACAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.53 | 0.58 | 96 | Diversified Portfolio | PACAX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.57 | 95 | Diversified Portfolio | PACAX vs FCSRX |
See all 29 diversifiers for PACAX
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